v3.26.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

7. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

   As of, 
   December 31,
2025		   March 31,
2026		 
Motor vehicles  $2   $2 
Office and computer equipment   535    1,267 
Construction in process   1,464    732 
Leasehold improvements   235    235 
Sub-total   2,236    2,236 
Less: accumulated depreciation   (252)   (275)
Total  $1,984   $1,961 

 

For the three months ended March 31, 2025 and 2026, depreciation expenses were $6 and $23, respectively, which were recorded in general and administrative expenses, research and development expenses and cost of revenue.

 

The Construction in process mainly represented AI classroom project at the NSAD campus. In January 2026, approximately $732 of construction in progress was placed into service and capitalized as property and equipment.

 

The Company performed impairment assessment on the property and equipment, and no impairment loss was recorded for the three months ended March 31, 2025 and 2026, respectively.